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Indian Rupee Slips Ahead of Fed

The Indian rupee is expected to open slightly weaker against the dollar on Wednesday. Asian currency losses and rising oil prices weigh on the local unit. Investors await the upcoming Federal Reserve policy decision.

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FILE PHOTO: A man walks past an Indian Rupee symbol installation at the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 5, 2026. REUTERS/Francis Mascarenhas//File Photo

The Indian rupee opened slightly weaker on Wednesday morning, trading in the 95.12–95.16 range against the dollar amid broader losses across Asian currencies.